Home About Archives RSS Feed

State Treasurer Visiting Berkshires

Steven Grossman
PITTSFIELD, Mass. — State Treasurer Steven Grossman is visiting the Berkshires on Friday.

Grossman will be in Pittsfield in the morning to highlight his Small Businss Banking Partnership. According to Grossman's office, the partnership directs deposits usually held by large institutions into state community banks with the understaninding they would increase their lending to small businesses.

He will meet with banking officials and elected officials at Berkshire Bank and then tour Starbase Technologies, which received a partnership loan.

In the afternoon, he will visit the new Luma's Muffin and Mug on Main Street in North Adams. Luma's is also a recipient of a partnership loan.
     

NBT Bank Celebrates Opening of Lenox Office


Cutting the ribbon at the March 7 grand opening celebration NBT Bank Area Manager Daniel Kinney, left, Lenox Chamber of Commerce Director Ralph Petillo, Lenox Selectwoman Linda Procopio Messana, Lenox Branch Manager John Bortolotto and Miss Hall's School Chief Financial Office Susan Baumgarten.

LENOX, Mass. — NBT Bank officials and area dignitaries celebrated the opening in Lenox on Wednesday of the bank's fifth Berkshire County office.

The NBT Bank of Lenox, located at 2 Holmes Road, officially opened Feb. 7 and features a full service drive-up lane, night depository facilities, coin counting machine and a 24-hour ATM.

"We are pleased to announce the opening of our new Lenox Office that provides us with another opportunity to offer residents and businesses convenient access to our unique brand of community banking," NBT Bank Vice President and Area Manager Daniel Kinney said. "The opening of this office symbolizes NBT Bank's commitment to the local community and the Berkshire region."

NBT took over the former Legacy branches in the county after that finanical institution merged with Berkshire Bank.

NBT Bank offers personal banking, asset management and business services through a network of 132 banking locations in four states. NBT Bank and its parent company, NBT  Bancorp Inc., are headquartered in Norwich, N.Y. NBT Bancorp Inc. had assets of $5.6 billion as of Dec. 31, 2011, and is traded on the NASDAQ Global Select Market under the symbol NBTB.
     

North Berkshire Banks Reopen Under New Name

ADAMS, Mass. — The new Adams Community Bank opened its doors on Monday.

Customers of what had been Adams Co-Operative Bank and South Adams Savings Bank may haven noticed the new signs for the merged institutions installed on Saturday at its local branches. Behind the scenes, new data systems and servers were being upgraded and converted.

Customers logging in can keep their old passwords but will have to chose new security questions and a new security image.

Bank officials said the institution was communicating with customers and using local vendors whenever possible during the merger as part of its committment to the area.  

The new name was developed through customer surveys and the signage manufactured and installed by a Berkshires company, said CEO Charles O'Brien. Bank President Joseph Truskowski said customers and community will always come first. "We are pleased to say that our merger won't change this philosophy — customers will continue to see the same faces, same places and only a new name."

To celebrate the merger, Adams Community Bank will be holding a daily drawing each business day for a month to give away new logo merchandise including coolers, stadium chairs, picnic blankets and auto kits. No purchase is necessary to participate in this drawing; just fill out a form and drop it in a ballot box at your local branch.

Adams Community Bank consists of seven full-service offices located in Adams, Cheshire, Lanesborough, Lee, Williamstown and North Adams.
     

Insurance Agencies Join Forces at MountainOne

PITTSFIELD, Mass. — A local insurance company is going to become part of MountainOne Financial Partners.

Stevenson & Co. has joined forces with Coakley, Pierpan, Dolan and Collins, according CPDC President and CEO Timothy Dolan. CPDC is already a MountainOne Financial Partner. 

The two agencies will share common expenses and systems as a way to trim costs.

"This means we'll have more funds available to spend on service and product upgrades that benefit customers," said Dolan.

John Murphy, Stevenson's president and CEO, said the move will allow his firm to remain local and independent. "Joining forces with CPDC allows us to do this. And, we'll have an expanded team of service providers and offerings," he said.

Stevenson & Co. is currently located on North Street. CPDC also shares North Street office space with its fellow MountainOne Financial Partners Hoosac Bank and True North. Once the new MountainOne Financial Center under construction in the William Stanley Business Park opens, both CPDC and Stevenson will move into the new building and close their North Street offices. Stevenson customers will be notified in advance of the move.

Stevenson & Co. has been providing personal and business insurance in Pittsfield and Berkshire County since 1867.  CPDC, founded in 1927, serves personal and business customers through offices in North Adams, Adams, Williamstown and Pittsfield. 

MountainOne Financial Partners, a mutual holding company headquartered in North Adams, has combined assets of over $800 million and more than 200 employees. 

Check out the live construction webcam at www.stanleycam.net
.


     

Adams Co-Op, South Adams Bank Merger Approved

Staff Reports
ADAMS, Mass. — Adams Co-Operative Bank and South Adams Savings bank received federal and state approvals to merge.

  The Federal Deposit Insurance Fund and the state Division of Banks and Depositor's Insurance Fund gave the banks notification of the approval on Dec. 9. The new Adams Community Bank will be a $400 million entity of two of the county's oldest community banks.

The merging was announced in September.

"This is an early Christmas present for both banks," said Joseph Truskowski Jr., president and CEO of Adams Co-Operative Bank, in a statement. "We anticipated receiving the news but not all final approvals until after the holidays."

The merger is expected to be completed in early 2012. Adams Community Bank will now consist of seven full-service offices spanning across the county and no jobs are expected to be eliminated, according to banking officials. The boards of trustees for each bank will create one 20-person managing board for the new bank.

"We will now dedicate our full attention to developing our products and signage for Adams Community Bank so it’s a seamless transition for our customers," Charles P. O'Brien, president and CEO of South Adams Savings Bank, said in the state. "Since voting on the new name of the institution in October, we have been developing the brand elements - particularly the Adams Community Bank's logo."

Adams Co-Operative Bank, a state-chartered co-operative bank founded in 1895, has $196 million in assets and three offices. South Adams Savings Bank, founded in 1869, has $197 million in assets and four offices. Together the banks employ about 90 people.
     
Page 4 of 7 1  2  3  4  5  6  7  

Support Local News

We show up at hurricanes, budget meetings, high school games, accidents, fires and community events. We show up at celebrations and tragedies and everything in between. We show up so our readers can learn about pivotal events that affect their communities and their lives.

How important is local news to you? You can support independent, unbiased journalism and help iBerkshires grow for as a little as the cost of a cup of coffee a week.

News Headlines
Clark Art Screens 'Adaptation'
Drury High School to Host End-of-Year Showcase
Clarksburg Gets 3 Years of Free Cash Certified
Pittsfield CPA Committee Funds Half of FY24 Requests
MCLA Men's Lacrosse Falls in League Opener
Letter: Vote for Someone Other Than Trump
Berkshire Art Center's Dance Party Returns
Dalton Committee Seeks Funding for Invasive Species
Dog Daycare Planned for Former Williamstown Restaurant Site
Simon's Rock Awarded Freedom to Read Grant

 


Bill Schmick separates the bull from the bears in his weekly columns on investing and market wrap-ups.



Categories:
advertising (10)
agriculture (1)
arts (7)
automotive (5)
awards (16)
banking (41)
Beacon (1)
broadband (1)
business (52)
chamber (25)
closing (5)
development (23)
dining (5)
domestic animals (2)
energy (6)
entertainment (2)
federal (4)
finances (5)
food (5)
fundraiser (3)
green (2)
grocery (5)
hospitality/hotel (5)
housing (0)
insurance (3)
investment (6)
jobs (35)
labor (17)
laws (4)
Legislature (3)
manufacturing (9)
media (8)
medical (4)
networking (33)
new (22)
pricing (1)
projects (2)
promotion (6)
publishing (13)
radio (2)
real estate (8)
retail (29)
technology (13)
training (5)
transportation (1)
volunteer (1)
website (2)
wholesale (7)
workshops (6)
Archives:
Tags:
Great Barrington Auction Merger Williamstown Berkshire Enterprises State Winstanley Berkshire Chamber Of Commerce Crane & Co. Baldwin Bj's Adams Jobs Talkberkshires Wmeco Social Media Small Business Excelsior Wall Street Sabic Currency Expansion Pittsfield Unemployment North Adams Unemployment Nbt Bank Walmart Sales Tax Tricks Of The Trade Breakfast Store Opening Statistics Statistics Qualprint
Popular Entries:
Chamber Drive Nets Donation for Shelter
Pittsfield Jobless Rate at 7 Percent
State Added 12,700 Jobs in July
State Jobless Holds Steady at 7.6%
Excelsior Brings Greeting Card Co. To North Adams
Cranwell Voted Best For Meetings
Super Duper Wally World
Baldwin Brings Berkshire-style Talk to Florida
Chamber Sets Free Workshop on QR Codes
Funding Secured For Pittsfield BJ's Wholesale
Recent Entries:
Biz Briefs: Mr. Tire, Tax Holiday, Business Directory
Berkshire Eagle Parent Mulling Newspaper Sales
Digitial First Puts Vermont News Buildings on the Market
Berkshire Chamber, Neal Hosting Facebook for Business Workshop
Winstanley Wins Big at Annual ADDY Awards
Eggs & Issues Event Focuses on Rail Cars, Development
State Unemployement Rate Drops Slightly
New Biotech Firm Setting Up in Pittsfield
Crane Museum Opens Retail Store
License Commission Approves River Street Package Move